millwallfan
09 Jan 2018
Re: Its so undervalued .. OWT. I agree with your sentiments but feel there is a major issue of trust given the number of false dawns. I an now c 30% up but missed out on selling at recent 27p as i had intended as I expected to buy back at current levels based on previous trends. Will wait now for contract announcement and probably sell half at 32p for free carry of rest.
onewayticket
09 Jan 2018
Its so undervalued .. Here is the quickest of summaries of MOU's and the LOI which I believe are all still live.# 1 x East African MOU signed some time ago.# 3 MOU's signed in 2015 - 1 x East Africa# 3 MOU's signed in 2016 - 1 x Middle East Letter of Intent. # Mention also of a large scale Anciliary project with the same client and a Significant Border project in the same region.# 3 MOU's signed in 2017 - 2 x Africa and 1 x Asia.As it stands presently and after a pre-Christmas RNS the company seem to finally be at the very last stage of sealing the deal on a € 24 Million Euro per annum deal that should completely transform the company - and that being against an attributed value at tonight's market capitalisation of £26.25 Million. That is far too cheap.All this should require is the 1 deal sealed. Over to you Board of Directors for the expected January update on this ME deal.Own due diligence.
onewayticket
08 Jan 2018
Re: Lungi Airport - State of Play Another interesting article has just recently appeared this time on Lungi Airport and with the WSG Chief Financial Officer Martin Boden in the spotlight of the interview. If anyone can claiming success at Lungi Airport then he will know. Passenger numbers were recovering post Ebola, cargo screening has started and more airlines have started flying to and from Freetown. Turkish airlines also set to start in February I believe. [link] does begs one question though – Where’s Peter?Own due diligence
onewayticket
08 Jan 2018
Touting for Business - Chris Grayling Security was definitely firmly on the agenda of the Turkey leg of Chris Graylings recent 2 day visit to Qatar and Turkey and looking to build on the Strategic Security Partnership established almost 12 months ago by the PM according to the clip of the meeting below. There are constant references to the D and the T words and the sharing of expertise on the civil aviation sector. A nice exchange of gifts also at the end.Was that watch set for 7
0a.m.Best times on the clip are 3:57, 6:30, 7:41 and towards the end.[link] the first leg of the Journey was a visit to Qatar where any discussions appear to have been a bit more candid.[link] due diligence
onewayticket
04 Jan 2018
Re: Middle East Talks Maybe in defending himself against train fare rises he gave a little too much information away. Nothing wrong with friends in high places and my previous posts have made reference to HMG support and high level introductions. The 2 day trip mentioned in this radio interview is to Qatar and Turkey and it mentions an expanding airport and helping win business for British companies. [link] makes for an interesting month of January.Own due diligence
velocipede
04 Jan 2018
Re: Topped Up Yes, I added to my holding the day the news came out and top sliced for a nice profit two days later. Wouldn't want to be out now, and will top up if it falls any further. Thanks for the drawing my attention to this one (through another board!).
onewayticket
04 Jan 2018
Topped Up With some profits banked from elsewhere. Just £6KExtremely good value being presented again at the moment for where this company is at right now. I think its turned a corner since its disembarked from the ferry Operation and it looks like delivery of Big one is coming also. Own due diligence
tradingup
03 Jan 2018
same old..sameold... RNS to tickle your fancy .. sp surges then flops again. can't remember how many timeswe've seen this!
Jacksson
03 Jan 2018
Middle East Talks Just trying to put 2 and 2 together and making 5 and as no-one seems to mention the middle east country by name, could there be any connection with Chris Graylings present 2 day visit to Qatar for business talks? The timing seems perfect!
Nice to Michu
02 Jan 2018
Re: Proactive comment. I came close to buying more in the 15 to 20p range but the very unpredictable extent and terms of financing made me think that best I hold off til the company announces the contract and the financing plans.. but the s/p has raced on so much recently that I now feel I would have been very safe in butying in 15-20p range.. oh well.. my original position here is a decent size and low average price already so best just be very thankful for tha
city watcher
02 Jan 2018
Proactive comment. All but a few more minor commercial and contractual issues have now been agreed by a number of governmental departments and organisations, Beaufort noted.The company is now waiting on its client for one final internal approval to undertake this project in phases, with the initial phase expected to be worth roughly €24mln a year to Westminster.“The company has made … huge progress with respect to its Middle East opportunity. We look forward to the further update this month,” Beaufort said.Westminster had indicated it expects to provide a further update on the project’s progress later this month.“Financially, the company said it has plans in place to raise the required funds in Q1 2018 to support investment in this project and other potential new Managed Services contracts. Given positive progress, Beaufort reiterates its Speculative Buy rating on the share,” the broker concluded.Shares in Westminster were up 13% at 27.17p in late morning trading, and are almost triple the value they were before the announcement on 22 December.
onewayticket
30 Dec 2017
Shhhh please Keep it to ourselves.Own due diligence
onewayticket
30 Dec 2017
Re: It might just be worth parking up and ad... This subject heading should be changed to the State of Play - Managed Services Division which is vertically integrated and it links in nicely with the Groups Technology Division. If you have read the previous posts you will recall that I mentioned the setting up of 2 German companies. One, Westminster Sicherheit GmbH has a German website which you can translate to English. Its then worth clicking on the "Learn more" and the "Projects" links to give you a good flavour of the extent of the companies activities.[link] should be you about up to date on WSG and its business activities. And may we all have a Happy New Year. Own due diligence.
onewayticket
30 Dec 2017
Re: Farmed Out Ferry Operation in Sierra Leo... The Sierra Queen the appears to have been placed on the market with a price tag of around £1.2 Million. A sale should recoup some monies.[link] due diligence
onewayticket
30 Dec 2017
Farmed Out Ferry Operation in Sierra Leone This was one of the biggest drains on WSG finances regarding set up costs and business start up losses. The competition beat them to the market with smaller more versatile craft and despite the Companies own attempt with smaller vessels. That was until an update in Sept 201722nd September 2017 RNS: Half Year Report"....However passenger growth and financial performance are not meeting the boards expectations, due in part to growing competition. Revenues amounted to £51k (H1 2016:nil) and the EBIDTA loss amounted to £0.4M (H1 016: Nil). With future passenger growth forecasts being downgraded, losses would be greater in Quantum and duration than previously forecast. The Board have therefore taken the decision to exit the ferry service in a manner which will not adversely affect airport passenger transfer to and from the mainland, which was one of the initial drivers for the ferry service.We have entered into a formal agreement with Sea Coach Express, the largest ferry operator in Sierra Leone, commencing on Monday 25th September. Under this agreement, Sea Coach will take over the Sovereign (SL) Operations and responsibility for management and operation of the ferry service and vessels, including the Sierra Princess, and will expand the Sovereign fleet by several more vessels....... we have cancelled the lease on our second vehicle the Sierra Duchess. We will receive a share of revenues on ticket sales made through our own operations , together with a payment for all passengers travelling to and from our terminals.We will continue to operate and manage the terminals in accordance with our 21 year agreement. We still own the Sierra Queen and will be reviewing and given our exit from th eferry operations will be reviewing our options for the Sierra Queen at the earliest opportunity.... We have commissioned an inspection of the Sierra Queen and options will be considered to monetise the vessel..."This should take a scythe to the reported £0.4M of losses.Own due diligence
